Bank of Japan meeting —
At its 20 September 2024 meeting, the Bank of Japan raised its policy rate from -0.10% to 0.25%. The decision passed 9-0.
Decision
hike — -0.10% to 0.25%
Vote: 9-0
Key passages
The Bank will encourage the uncollateralized overnight call rate to remain at around 0.25 percent.
Japan's economy is likely to keep growing at a pace above its potential growth rate, with overseas economies continuing to grow moderately and as a virtuous cycle from income to spending gradually intensifies against the background of factors such as accommodative financial conditions.
Meeting documents
Background reading
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